SUBSCRIBE TO NEWSLETTER
Stay in the loop! Subscribe to our newsletter and gain access to exclusive insights, trends, and news from the world of business and leadership. Don’t miss out!
Texas Instruments will receive up to $1.6 billion in direct funding from the U.S. Commerce Department to support the construction of three new domestic manufacturing facilities. This funding is part of an agreement signed under the CHIPS and Science Act.
Additional Investment Tax Credits:
In addition to the direct funding, Texas Instruments expects to secure between $6 billion and $8 billion in investment tax credits from the U.S. Treasury Department. These credits will further bolster the company’s expansion efforts.
Impact on Manufacturing and Employment:
The $1.6 billion in funding will support three manufacturing facilities currently under construction in Texas and Utah. The expansion plans include creating over 2,000 new jobs across these facilities.
